Insider Selling: Destination XL Group, Inc. (NASDAQ:DXLG) Major Shareholder Sells 26,677 Shares of Stock

Destination XL Group, Inc. (NASDAQ:DXLG – Get Rating) major shareholder Awm Investment Company, Inc. sold 26,677 shares of the firm’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $6.19, for a total value of $165,130.63. Following the completion of the sale, the insider now directly owns 9,399,297 shares of the company’s stock, valued at approximately $58,181,648.43. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Awm Investment Company, Inc. also recently made the following trade(s):

• On Thursday, February 2nd, Awm Investment Company, Inc. sold 2,500 shares of Destination XL Group stock. The stock was sold at an average price of $7.54, for a total value of $18,850.00.
• On Thursday, January 26th, Awm Investment Company, Inc. sold 36,356 shares of Destination XL Group stock. The stock was sold at an average price of $7.46, for a total value of $271,215.76.
• On Wednesday, January 11th, Awm Investment Company, Inc. sold 34,228 shares of Destination XL Group stock. The stock was sold at an average price of $7.05, for a total value of $241,307.40.

Destination XL Group Stock Performance

Shares of DXLG opened at $5.43 on Friday. The stock has a 50-day moving average of $6.55 and a two-hundred day moving average of $6.36. Destination XL Group, Inc. has a one year low of $3.27 and a one year high of $7.57. The stock has a market cap of $335.36 million, a P/E ratio of 4.02 and a beta of 1.47.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DXLG shares. StockNews.com started coverage on Destination XL Group in a research report on Thursday. They issued a “buy” rating for the company. DA Davidson lifted their price target on Destination XL Group to $9.00 in a research report on Monday, November 21st. Finally, Craig Hallum lifted their price target on Destination XL Group to $10.50 in a research report on Monday, November 21st.

Institutional Trading of Destination XL Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new stake in Destination XL Group during the 3rd quarter worth about $1,951,000. Wolf Hill Capital Management LP lifted its holdings in shares of Destination XL Group by 10.1% in the 2nd quarter. Wolf Hill Capital Management LP now owns 3,441,654 shares of the company’s stock valued at $11,667,000 after buying an additional 314,500 shares during the period. CenterBook Partners LP lifted its holdings in shares of Destination XL Group by 601.3% in the 3rd quarter. CenterBook Partners LP now owns 171,945 shares of the company’s stock valued at $932,000 after buying an additional 147,428 shares during the period. McNamara Financial Services Inc. acquired a new position in shares of Destination XL Group in the 3rd quarter valued at about $63,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Destination XL Group in the 2nd quarter valued at about $818,000. Institutional investors and hedge funds own 67.97% of the company’s stock.

Destination XL Group Company Profile

(Get Rating)

Destination XL Group, Inc is engaged in the retail of specialty products. It offers shirts, pants, shorts, outerwear, activewear, suiting, underwear and lounge, shoes, and accessories. It distributes its products under the following brand names: Destination X, DXL, DXL Men’s Apparel, DXL Outlets, Casual Male XL, and Casual Male XL Outlets.